How to Fix Inefficient Processes with RFID in Supply Chain and Logistics
Leading logistics organizations are seeing tangible ROI from their RAIN RFID solutions, allowing them to outpace the competition as industry challenges mount.
The supply chain and logistics industry has reached a critical turning point in how to operate: While many organizations have achieved high operational accuracy and visibility, they’ve done so at the cost of inefficient and labor-intensive processes — unsustainable in today’s dynamic business environment.
As supply chain demands mount and organizations are stretched, a full 92% of supply chain professionals surveyed in a recent report said their top concerns included current economic conditions. Meanwhile, they’re under increasing pressure to hit performance targets, manage budgets, and achieve maximum ROI.
There’s a clear path forward: RFID technology. In the survey, 75% of professionals leveraging RFID said they feel confident facing supply chain challenges, versus 51% of those without RFID.
UPS is leading the charge with RAIN RFID, a transformative technology that boosts operational efficiency, shipment accuracy, and real-time visibility. For companies like UPS, RAIN RFID is delivering immediate and long-term returns on their investments in the form of reduced errors, lower operational costs, and better supply change performance.
Sometimes referred to as ultra-high frequency (UHF) RFID, RAIN RFID is a low-cost, battery-free, wireless technology that enables enterprises to discover, engage, and protect tagged items. By deploying RAIN RFID in more than 1,000 facilities throughout the United States, UPS can ensure every package ends up in the right place.
As a result, the shipping giant has reduced misloads by a staggering 67%. And, by tagging packages with RAIN RFID labels and giving wearable RAIN RFID readers to employees who load package cars, UPS expected to eliminate 20 million manual scans a day. Dramatic operational improvements like these can translate into significant cost savings for supply chain and logistics organizations.
How RAIN RFID drives ROI for supply chain and logistics
- Improving operational efficiency: RAIN RFID solutions allow organizations to automate processes, eliminate manual tasks, and reduce human error. With the ability to track and verify up to 1,000 tagged items per second from as far away as 10 meters (30 feet) — without direct line-of-sight — organizations can streamline operations and accelerate their workflows.
- Reducing costs: By automating manual tasks and automating processes with RAIN RFID, organizations can save on labor costs while also reducing losses associated with inventory errors or shrinkage.
- Enhancing inventory accuracy: By gaining the precise, real-time data and insights provided by RAIN RFID, enterprises can attain and maintain optimal inventory levels and maximal shipping accuracy. This, in turn, improves customer satisfaction and reduces waste by ensuring items are delivered at the right time and place.
- Streamlining processes: RAIN RFID solutions enable supply chain and logistics organizations to streamline workflows, reduce bottlenecks, and enhance productivity. This level of efficiency is important for companies looking to scale their operations quickly and effectively.
These benefits are driving a surge in RAIN RFID adoption. According to the recent report by Impinj and Supply Chain Dive, 56% of companies plan to use RAIN RFID for item-level tracking by 2025 — a dramatic 50% increase from just four years prior.
It’s nearly unanimous: 97% of supply chain professionals are turning to RFID, the survey shows — a reflection of RFID’s growing importance in the supply chain industry. Companies recognize the technology's potential to provide real-time visibility, reduce operational costs, and improve overall supply chain resilience.
Download the complimentary report to learn why smart, automated RAIN RFID solutions are driving the success of the world’s most successful shipping and logistics systems.
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Wednesday, September 25, 2024
ABOUT THE AUTHOR
Jeff Dossett
Chief Revenue Officer
Jeff Dossett oversees the Impinj go-to-market department, including sales, partner development, and marketing.
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